REGISTERED NUMBER: OC416640 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BINBROOK HILL FARM LLP

Page

General Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DESIGNATED MEMBERS:

Mrs P N Gloeckner

C J Nickerson

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

OC416640 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Intangible assets

4

160,000

160,000

Tangible assets

5

57,056

64,986

Investments

6

1

1

217,057

224,987

CURRENT ASSETS

Stocks

269,478

348,958

Debtors

7

295,365

264,331

Cash at bank and in hand

160,343

89,340

725,186

702,629

CREDITORS

Amounts falling due within one year

8

79,066

16,331

NET CURRENT ASSETS

646,120

686,298

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

863,177

911,285

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

863,177

911,285

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

863,177

911,285

Amounts due from members

7

(133,215

)

(132,898

)

729,962

778,387

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the members of the LLP and authorised for issue on 4 December 2025 and were signed by:

Mrs P N Gloeckner - Designated member

1.	STATUTORY INFORMATION

Binbrook Hill Farm LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of consideration received for net invoiced sales of produce and contracting excluding value added tax. It is recognised upon dispatch of goods or the provision of the service.

Revenue for subsidies is measured at fair value of the consideration received in respect of environmental subsidies and the Basic Payment scheme. It is recognised in the period to which the income relates.

Intangible assets

Intangible fixed assets comprise of costs incurred in respect of the purchase of storage rights.

They are recognised at cost and it is considered that no amortisation is necessary.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Fixed asset investments

Investments in unlisted shares, whose market value can be reliably determined, are revalued to market value at each balance sheet date. Gains and losses on revaluation are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

160,000

NET BOOK VALUE

At 31 March 2025

160,000

At 31 March 2024

160,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

98,450

DEPRECIATION

At 1 April 2024

33,464

Charge for year

7,930

At 31 March 2025

41,394

NET BOOK VALUE

At 31 March 2025

57,056

At 31 March 2024

64,986

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

144,051

100,659

Other debtors

151,314

163,672

295,365

264,331

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

265

Other creditors

79,066

16,066

79,066

16,331

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

863,177

911,285

Falling due within one year

863,177

911,285

Loans and other debts due to members will rank equally with unsecured creditors in the event of the LLP being wound up. No additional protection is afforded to unsecured creditors.